Report: 29 projects in the Solana ecosystem raised $173 million in Q3, setting a new high since Q2 2022

ChainCatcher news, according to Cryptonews, based on the report "State of Solana: Breakpoint Edition," in the third quarter of 2024, 29 projects built on the Solana blockchain secured $173 million in private funding, the highest level since the second quarter of 2022.

There was continuous growth every month in the third quarter of 2024, with September's $103 million being the strongest month since June 2022. The tokenized funding market for Solana also saw significant growth, doubling in total value to $123 million within just 30 days. This surge was primarily driven by the inflow of $50 million USDC from Ethereum on September 23.